SAS gets US court approval for investment from consortium led by Castlelake, Air France

(Reuters) – Scandinavian airline SAS said on Tuesday it received U.S. bankruptcy court approval for the airline’s entry into an investment agreement with the winning bidder consortium of Castlelake, Air France-KLM , Lind Invest ApS and the Danish state.

The company also received final court approval for its new debtor-in-possession financing credit agreement with U.S.-based Castlelake for 5.5 billion Swedish crowns ($523.87 million)

($1 = 10.4988 Swedish crowns)

(Reporting by Urvi Dugar in Bengaluru; Editing by Chris Reese)